Friday, August 5, 2011

NASDAQ down 10% on week

Mahendra said this was coming but I didnt check his website in time. he said buy back into metals and stock in September. He sais 2012 will see big gains on the markets. Fundamentally the REIT sector has no problems but fear is driving the prices down. Unemployment is not up so I do not foresee  extra defaults on mortgages but if things get worse that could happen.  All of the REITs are down but not as much as Ford or the general market. Silver dropped 6% yesterday and is down over 1% today. The dollar is stronger just like in 2008.

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